Shulou(Shulou.com)11/24 Report--

CTOnews.com March 16 news, reading group (00772.HK) on the Hong Kong Stock Exchange announced the annual results announcement for the year ended December 31,2022. According to the report, the total revenue of Reading Group was 7.63 billion yuan, down 12% year-on-year; the net profit based on non-IFRS was 1.35 billion yuan, up 9.6% year-on-year.

CTOnews.com learned from the announcement of the Hong Kong Stock Exchange that the online business revenue of Reading Group was 4.36 billion yuan, and about 540,000 writers and 950,000 works were added to the platform, with more than 39 billion new words. 40% of new users converted from piracy within 30 days after the anti-theft system was officially launched on the Qidian Reading App. The number of new works with an average subscription of more than 3000 on the whole platform in 2022 increased by more than 50% year-on-year.

In the second half of 2020, Reading Group cooperated with Tencent Animation. By the end of 2022, more than 230 cartoons had been launched, and a number of first-line works appeared, such as "Da Feng Da Geng Ren,""Starting from Red Moon,""Global Gaowu," etc. In terms of operation data, the average monthly active users of reading platform products and self-operated channels were 243.9 million, down 1.9% year-on-year. Among them, the monthly activity of its own platform products was 110 million, down 5.8% year-on-year; the monthly activity of Tencent's self-operated channels was 133.9 million, up 1.6% year-on-year.

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